Guild Wars 2

Vol.7601:

Just stop Wanze. It’s a battle you cannot win >_>

Let us hang out along the Royal Terrace conducting our transactions while the peasants mingle and protest outside!

Pretty much why I’m not stepping in as I now know better as a result of the BS I had to deal with in another thread. You can’t really have a rational, informed discussion if one side feels they do not need to research basic economic/financial principles (or the subject matter the discussion is about) but instead rely on personal observations, how the “feel” the market is and how it “should” be, and/or use pseudo intellectual arguments.

Many questions can be answered using google. Type “gw2 obsidian shards” into your google search.

They likely did upleveling so that people wouldn’t feel left out. They didn’t make it so people would have equal footing likely because then it reduces the need to level. All speculation of course.

We don’t know how long it took them. I was saying that based on what they’d have to do, it’d probably be similar to how long it took them do do the wallet. My point was the with how minimal of a benefit it would be, it likely would not be worth doing because of the time and resources it could take. It’s not something as simple as flipping a switch or modifying a little code here and there.

Figures were not made up. It takes me 10 seconds to relog a new character so it’s not far fetched that it could take up to 30 seconds for others. If it’s taking minutes then you’re likely running a computer that can barely run this game or that figure is a completely made up number.

Looks like the monopoly guy

Same amount of time as the wallet if not more. All of this so players can save themselves 10-30 seconds the very few times that they actually do craft.

HHR LostProphet.4801:

Prices are based on the maximum offer. Few people having much gold means that those few people are increasing the prices for everyone. Gathering gold the “normal” way is gated by many thing, the content mainly. Traidingpost flipping is only time-gated. The margin you could get from the traidingpost is way higher than any other margin in the game.

I don’t think you quite understand what’s going on.

Actually, you’ll likely see this post with the thread locked:

https://forum-en.gw2archive.eu/forum/wuv/wuv/unknown-hits-you-for-7000/first#post4156800

Here’s what’s going to happen.

When a moderator sees this, they’re going to lock the thread and refer you to email their customer support and/or they’ll do their copy & paste “no match up threads” post.

Low levels are just rally bots.

Exactly. This is asking the devs to spend time redesigning the crafting system when they could be fixing bugs or creating “new” content. The account was different as players have a finite amount of inventory space and tokens/badges were taking up quite a lot of space.

But… but… it’s a slippery slope.

So the extra 10 seconds to switch is a big hassle?

laokoko.7403:

if you can solo the last boss obviously the last boss won’t be hard with 4 more newbie.

I think the boss is quite difficult for a group of newbie actually, at least I think it’s the hardest dungeon boss for newbie group. So if you want to complain, you might as well complain about every boss in this game.

I wouldn’t say that it couldn’t be more difficult with a group of newbies. You’d be surprised by the number of ways that they manage to mess things up. For example, they can destroy the hologram before it reaches the boss. There’s also the rest of the path.

No.

As long as players can extend their FoV, your changes would not make much difference.

It’s odd though that the posts from April 4th of this year and earlier make complete sense and the writing structure is consistent.

There’s about a two month gap and the writing structure is completely different. It’s as if there’s two different people who have posted on that account. Hmmm.

It’s out again? I’m so going to spend my cash on it and become rich in this game. I’m like so going to have a major advantage over players that don’t buy it since they can’t possibly compete with me now. Hooray! I can’t believe I can win the game for a small price of $10. Yay!!!!!

phys.7689:

Ayrilana.1396:

He has direct access to all of the data. His job is a lead analyst which includes managing and studying the GW2 economy. I think he’s well qualified and more qualified than anyone else on the status of the GW2 economy.

http://en.wikipedia.org/wiki/Superseded_scientific_theories

http://blog.chron.com/sciguy/2010/11/the-top-10-most-spectacularly-wrong-widely-held-scientific-theories/

any body can be wrong, even cool people who have studied for years. Not saying whether he is wrong, but the idea that he is a guy who is educated and employed does not make him infallible or always correct.

Those are theories though and not based on how someone used them. For you to use that in saying he’s wrong would be to imply that current economic theory is wrong as well as current methods on analyzing data. There’s a difference between using something incorrectly versus using something that is inherently incorrect. However, I do see what you are arguing towards and agree that not everyone is infallible.

Edit: I’ll also add that I wasn’t saying he was or wasn’t incorrect. I was just saying that he’s more qualified, and able, to analyze the state of the economy than any of us.

*edited for clarity

A scarlet costume/outfit similar to the mad king one with its own weapon/toy that does random dialogue quotes with the attacks.

He has direct access to all of the data. His job is a lead analyst which includes managing and studying the GW2 economy. I think he’s well qualified and more qualified than anyone else on the status of the GW2 economy.

He’s actually just trolling and has been for awhile.

If you looked at all of his incoherent posts, notice how he has “edited for clarity” at the bottom? His post history also shows that he normally makes rational posts.

Edited for clarity.

Psientist.6437:

Ayrilana, please stop stabbing the pig and trying to convince us that the pig is singing.

The DC signal can fit within a 2 type currency channel. Type 1 could be as numerous as needed and would behave as Bitcoin. Type 2 would compile comparative advantage internally and maintain relative to type 1 landscape.

“why not bounce”
is to
Legendary Heroic Parity
is to
ding-a-lings ping-a-ling-ing ping-alant-ing-ian-ism

release the Kritten

please accept the atypical nature of how I communicate.
very big abstracts
not enough words
extreme social anxiety

edited for clarity ;p

Stop with the nonsensical analogies that show you have no idea what you’re talking about and just hope to confuse people to the point that they give up.

I swear it’s like trying to use the book How a Puppy Lost it’s Way and compare it to the industrial revolution. Cookies to those that get the reference.

I’m hoping for an entire army of twisted watchwork scarlet clones.

Wanze.8410:

Rouven.7409:

You can find this also if you follow the link from Ayrilana above, I found it through the Materials promotion site on the wiki, not the different tabs on the bottom.
http://wiki.guildwars2.com/wiki/Mystic_Forge/Material_Promotion

https://docs.google.com/spreadsheet/ccc?key=0As-wCpIszrT9dFB3YjVUVFhfenlDUUpXTVBIdm5qWmc&usp=sharing#gid=8

I already explained in other topics regarding material promotion that Eggbarons spreadsheet is incomplete as it only shows t5->t6 promotion for common mats, while t1 -> t2 is the most profitable.
It propably IS the most profitable because it ISNT featured on this commonly linked spreadsheet.

Shhhhhhhh

If only they would release ascended armor. I’m sure that would be pretty expensive as players would need multiple sets most likely. Light armor would also likely be the most expensive since cloth is not as plentiful and is used for all three professions.

Saikko.3908:

Hmmm… So I just leave a post here? :o

And cookies too!

I think some people have timers or refresh siege on the hour or so. Having timers show on screen would just be more clutter. Also think of the impact in performance when having a dozen or so timers for many people being displayed on screen.

Psientist.6437:

For me, an interesting part of the ‘index discussion’ is that we technically don’t need an index. Because we can view the Tyrian economic ecosystem from the outside, we can measure system totals for available currency and workload. When John Smith says inflation is not a critically dangerous issue for Tyria, I do believe him.

Players cannot measure any of that from the outside. The price indices only measure price from one period in time to another. That’s all. The whole thread was about the prices of precursors. If you’re referring to Anet not needing it then yes.

Psientist.6437:

Only players need an index, a way of measuring the efficiency of ‘their’ currency. When measuring the efficiency of our currency holdings, should we ignore the fact that our currencies have native efficiency when finding parity with workload?

Like in my previous post, price indices do not measure efficiency. Workload can vary and people can make vast amounts of gold with little work.

Alright, I’ll briefly take this thread seriously again to respond to a few of your points.

Psientist.6437:

There is a vast difference between pointing to a dictionary and writing a book.

Yes, however we’re talking about the usage of a single word. You do not need a book to define that word.

Psientist.6437:

John Smith describes how to build an index when measuring the effects of a single currency economic ecosystem. Tyria employs a triple currency economic ecosystem.
In the quote you posted, John Smith is not describing the Tyrian economic ecosystem.

I don’t belief you have a grasp yet on currencies and their impact on an economy. In the real world you have hundreds, if not more, currencies all of which can be used to purchase any good. Granted, you’ll have to be mindful of the exchange rates. In Tyria, each currency other than gold is very limited to what it can be used for.

An index how the price level of a certain range of selected goods behaves over a period of time. That’s it. If you have an index of all precursors then it will show you how the prices of the precursor market have behaved over a period of time. You can do the same for just about anything. However, when it comes to measuring inflation, you have to take a very broad and general look across all items in the economy. Most often, you’re looking at goods that people commonly buy.

An index is still very much valid with multiple ways to acquire items. I suggest reading up on indexes rather than try to strike something down because of perceived mismatches in economies. To often I see people people attack where a widely accepted principle is being used based on the differences of where it’s used when knowledge of that principle would show that it very well does indeed apply.

Psientist.6437:

An index discovers where and how a currency behaves most efficiently. Tyrian Karma is most efficiently used to cover the workload of everyday needful things in Tyria up to and including Exotic level gear. Tyrian Gold is most efficiently used to cover the workload of luxury goods.

I bolded part of your quote above. It’s wrong for two reasons. An index does not determine how efficient a currency is. You’re just comparing how prices were at this point in time to another. That’s not efficiency. The second reason is that an index only shows how a currency is based on what’s listed in the index. You cannot base an entire currency on an index for luxury goods. I’ve stated this several times.

Karma does not cover the work load for everyday needs. You cannot buy berserker armor, runes, sigils, weapons, food, sharpening stones, and many other things. Karma can only buy a very few things. None of which covers the everyday needs. Karma is also much more difficult to amass than gold. Likely, by the time you get enough karma to purchase armor with karma, you could have easily gotten it with gold. The same goes with dungeon tokens due to the rewards nerf.

Tyrian gold is not used for just luxury goods for reason already stated.

EDIT:

Also, what’s with this ecosystem concept? I do not see anything about it other than someone’s book where they tried to relate the economy to a biological ecosystem.

Aidenwolf.5964:

Ayrilana.1396:

Xillllix.3485:

tolunart.2095:

It’s called supply and demand. Supply = low, demand = high.

NO, it’s called rich people flipping precursors on the market.

John Smith looked at the transactions during a timeframe and they were pretty much unique buyers and sellers. While some people do flip them, it’s not has common as you think.

https://forum-en.gw2archive.eu/forum/game/bltc/Dusk-2000g/first#post4048636

That time frame was over the course of two days.

You realize of course that he chose the sample which proved his point.

Well I guess I forgot to put on my tin foil hat. I guess it was so convenient that he used the past two days at the time of his post.

If usually just edit them in paint and put a black box over their names.

Nobody here would know and nobody from Anet will say on the forum.

Depends on build and player skill.

Edit the pictures to hide his name. You’ll get infracted otherwise.

Xillllix.3485:

tolunart.2095:

It’s called supply and demand. Supply = low, demand = high.

NO, it’s called rich people flipping precursors on the market.

John Smith looked at the transactions during a timeframe and they were pretty much unique buyers and sellers. While some people do flip them, it’s not has common as you think.

https://forum-en.gw2archive.eu/forum/game/bltc/Dusk-2000g/first#post4048636

That time frame was over the course of two days.

http://www.gw2crafts.net

It always takes awhile the first time I try to access it.

Psientist.6437:

Ayrilana.1396:

Psientist.6437:

‘Yachts, mansions, Bugatti’s, Louis Vuitton purses, and so on’ are not Tyrian system rational equivalents to Precursors.

SNIP!

edited for syntax
edit The work load we would generally index for a single currency rational system would find parity with Tyrian Karma.

No.

Please show your work behind that ‘No.’

Will an ‘economic ecosystem’ using one currency express the same ‘currency valuation landscape’ as an ‘economic ecosystem’ using 3 currencies?

While Baseball and American Football share the common definitions of physics (gravity, motion, etc), they express very different scoring landscapes.

Your proof for that ‘no’ will demonstrate how to score a touchdown on a baseball diamond.

Read my comment above what you quoted. I said no because it was wrong and I had already answered it.

I also want to add this.

John Smith.4610:

xxxzavulonxxx.8413:

Noerknhar.3826:

I think it’s fair to judge inflation on the items that are worth to think about in end game. Maybe the precursor example is a bit limiting, but it’s the best example for what i meant to say

You would be entirely incorrect in an economic standpoint.

Inflation is measured by the price levels of goods people buy regularly, not the price tags on private jets or other “endgame” goods people buy when they’re extremely wealthy.

This is correct, you cannot measure inflation by luxury goods, or by a single good, or by the several other assumptions you’re making (sell orders represent sales?).

https://forum-en.gw2archive.eu/forum/game/bltc/Help-I-don-t-understand-gem-supply-concept/first#post1539660

John Smith.4610:

The lost shores event was not the only modification to precursors.

We’re tracking the changing economy. The changed prices come from a lack of supply relative to demand, not from a substantial increase in inflation (this is apparent when you look at the TP as a whole bundle of good rather than just a few items).

John Smith.4610:

Vol.5241:

You are under no obligation to reveal that information John Smith, ignore these guys :P

I’d much rather talk about the economics of Guild Wars 2.

-How do you feel about controlling inflation? Do you think the gold sinks we have in the game are sufficient enough to keep the value of gold steady overtime?

Inflation is a really tricky topic. One important thing to understand about inflation (the EVE guys have done a great job explaining this) is that it isn’t a change in the quantity of money available, it’s a change in prices (not individual prices). It’s easy to double the money supply and not inflate the economy.
I won’t speak to our specific strategies, but there are a couple of different ways to go. An interesting strategy that not many people think about is allowing the economy to inflate a bit, then pulling the money back out in a cycle ( many countries do this, but not on purpose :P ) There are specific benefits to this, that only occur as benefits in games.

So… umm… yeah. How exactly can a definition to something refer back to itself?

Treacherous? Really? The dictionary had no problem.

http://dictionary.reference.com/browse/rationality

Here’s your quote

John Smith.4610:

John Smith.4610:

As a quick aside. Gems in the currency exchange are finite. You may buy gems with real money to your hearts content, but if you don’t put any of them gems into the currency exchange the currency exchange’s stock of gems never changes.

John Smith.4610:

Think of it this way. The government can print as much money as they want, that doesn’t mean your bank account has access to that money. The currency exchange does not have access to gem creation. It has a limited stock that players add and subtract from.

https://forum-en.gw2archive.eu/forum/game/bltc/Help-I-don-t-understand-gem-supply-concept/first#post1539660

Smooth Penguin.5294:

This is a good example of how one person can completely misunderstand what a Dev quoted.

Misunderstand or not read?

Psientist.6437:

‘Yachts, mansions, Bugatti’s, Louis Vuitton purses, and so on’ are not Tyrian system rational equivalents to Precursors.

Nuh uh! They are like, um, so are too! They’re all rare goods that are not a necessity AKA luxury goods. They’re also items that are part of a small segment in an overall market.

Psientist.6437:

You make Bugattis out of Yugos with information not work.

Say whaaaaaat? I r confused. /sadface

Psientist.6437:

In Tyria everyone has access to all the supply lines, material and information,for Real World rational luxury goods equivilant to a national space program. Tyrians just need to pay or pedal. Which is awesome, Thank you Tyria.

Pedal? You mean we can exercise to get luxury goods? Awesome! I’m going to be so swimming in luxury goods. Speaking of swimming, if they ever give us player housing, I’m like so going to buy a luxury pool and then host pool parties. Just cover your eyes when you see those Norn in speedos. Not a pretty sight. I’m super cereal.

You cannot produce precursors. They are gained by luck through drops are playing in the mystical toilet. Until they can be crafted, there’s really no supply line. Most players will likely not see them from either source but instead purchase them off the TP. Like in the real world, if people want to afford these items, they just need to do activities that award enough currency to eventually purchase these items. It’s actually much easier to do this in the game as it’s much more simplified and less time consuming.

Psientist.6437:

The work load we would generally index for a single currency rational system would be indexed against karma in Tyria.

Again, Thank you Tyria

Tyria thanks you for your patronage. It’s people like you that keeps the world running and our land free of the crab people and Manbearpig. The latter being more unholy and dangerous than Zhaitan on an bad hair day.

Please define rational. I think there’s a language barrier as your usage of rational doesn’t make much sense. Karma fluctuates based on event, boosts, participation, and completion status. There’s also all of those nifty karma consumables. The currency based on karma does not make much sense as doing events has no bearing on karma.

Psientist.6437:

edited for syntax
edit The work load we would generally index for a single currency rational system would find parity with Tyrian Karma.

No.

Ooh. Ooh. I just finished reading some rad articles that just blew my mind. They were so far out. I don’t think my life will ever be the same now. Life altering, man.

http://www.gamasutra.com/view/feature/134576/virtual_economic_theory_how_mmos_.php?print=1

http://www.investopedia.com/university/inflation/

http://www.clevelandfed.org/research/Data/US-Inflation/cpi.cfm

http://en.wikipedia.org/wiki/Price_index

http://www.forbes.com/sites/scottdecarlo/2013/09/18/cost-of-living-extremely-well-index-the-price-of-the-good-life/

Psientist.6437:

None of what I said changes the truth that a system rational Tyrian gold is a luxury currency and Precursors are a good index for Tyrian gold.

The price of Precursors describe the nature and nurture of luxury.

+1,000,000,000!!!!!!!!!!!!!!

Yep. Just like how yachts, mansions, Bugatti’s, Louis Vuitton purses, and so on are good indicators of our economy. You are so right. It makes so much sense that items in a small segment of a market would reflect the entire market as a whole. I finally can see the light! Hallelujah!!!

Refer to my previous post. I’m not going to repeat myself.

Zaxares.5419:

hackks.3687:

You might think you’re taking the high road by ignoring your teammate’s chat, but really your just being an inconsiderate kittenhead. Rated matches are competitive and competitive play requires communication. By not communicating, you’re the one being that guy and frustrating your teammates. Not the other way around, even though it might suit your assumed “moral high-ground”.

Depends on how they said it. A request of “More to defend center pls” will get acknowledged. A request of “Get your Kitten Racial Epithet to center u Kittening scrubs!” will get ignored.

They were referring to the following part of someone’s post where the chat channel is completely turned off:

geekanerd.4123:

It’s unfortunate, but lately I’ve taken to going invisible and turning off map/team and say chat.

http://gw2data.blogspot.com/2013/10/guild-wars-2-converting-your-currencies.html